LEGISLATIVE YEAR 2021
RESOLUTION: R-21-162
PURPOSE: Relative to the re-appropriation of Fiscal Year 2022 escrows
SPONSOR(S): Mayor Jim Donchess
COMMITTEE
ASSIGNMENT:
FISCAL NOTE: The escrows shown on the attached worksheet are department
requests for unlike purposes. The proposed unlike escrow
amount of $5,262,014.25 represents approximately 1.9% of the
FY2021 Adopted General Fund Operating Budget. Note that
any approved escrows decrease surplus at fiscal year’s end.
ANALYSIS
This resolution authorizes the re-appropriation of FY2022 escrows for the stated amounts and
purposes, in compliance with procedures established in NRO 5-130. The sources of said escrows
are FY2021 unexpended appropriations. The approved funds will be utilized only for the purposes
set forth in the attached FY2022 Escrow Request document. If, prior to final passage, the final
FY2021 departmental and/or line item balance is determined to be less than any individual escrow
request, then the lesser amount will be the amount actually escrowed,
Charter Sec. 53 permits specific non-budget, supplementary appropriations. There should be
notice and a public hearing. A two-thirds vote is required under Charter Sec. 56-b for an item or
amount not in the mayor’s budget. A roll call is required under Charter Sec, 49.
Approved as to account Financial Services Division
structure, numbers,
and amount: By: /s/ John Griffin
Approved as to form: Office of Corporation Counsel
By: /s/ Steven A. Bolton
Date: August 5, 2021
